Yesterday, as a Franco-German bank, we successfully placed our first senior preferred bond in sub-benchmark format with a volume of €300 million on the market.
Following a global investor call and further calls on Monday afternoon, the books opened yesterday at 9 a.m. sharp, with an encouraging response – our bond was oversubscribed 2.6 times (high granularity with more than 50 individual orders).
With a term of 4½ years, the bearer bond was issued with a coupon of 2.875% and rated AA- by Fitch.
We would like to thank all investors for their keen interest and our syndicate leaders Erste Group, Helaba, LBBW and NORD/LB for their successful cooperation.
